![]() Market data estimates the Asia IT Services market to be worth approximately US$320 billion for 2022 and is expected to grow at a CAGR of more than 10% to exceed US$470 billion by 2026. The strategic partnership will provide one-stop customer solutions that integrate services, devices and digital infrastructure. Lenovo’s and PCCW Solutions’ service offerings, expertise, go-to-market strategies and solutions development capabilities are highly complementary. Significant opportunity to unlock synergies In addition to a market leading brand, PCCW Solutions will bring to the strategic partnership its strong capabilities in system integration and application development, operational expertise, as well as a highly skilled talent pool. 1 leader in system integration and application development in Hong Kong. With more than 20 years of proven track record, PCCW Solutions is a leading IT services provider in Asia Pacific, and is ranked as the No. The strategic partnership to benefit from each partner’s respective strengthsĪs a global technology powerhouse across devices, infrastructure, and solutions and services, Lenovo will bring its innovation, global presence, deep relationships with commercial customers, and strong go-to-market and delivery capabilities to the partnership, which will help PLTS grow in reach and competitiveness in markets across the Asia Pacific region. PLTS will benefit from the combined resources and experience of Lenovo and PCCW, including complementary service offerings, operational expertise, go-to-market capabilities, technical development capabilities, and highly skilled talent pools. The partnership, which will be known as PCCW Lenovo Technology Solutions Limited (“PLTS”), will leverage the combined strengths of Lenovo and PCCW to create compelling value for employees, customers, and shareholders of both companies. HONG KONG, 14 June 2022 – Lenovo Group Limited (“Lenovo”) (HKSE: 992) (ADR: LNVGY) and PCCW Limited (“PCCW”) (HKSE: 0008) jointly announced today that they have entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region.
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